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Article: GERMAN MEDIA GIANT TO BUY RANDOM HOUSE.(BUSINESS)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- March 24, 1998
CopyrightCOPYRIGHT 1998 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ERIC R. QUINONES Associated Press
NEW YORK -- Random House, the largest U.S. book publisher, is being bought by a German media giant in a deal that assembles an all-star roster of best-selling authors.
Bertelsmann AG, owner of the Bantam Doubleday Dell publishing group, said Monday it will buy Random House from Advance Publications Inc. for an undisclosed sum. The deal will bring Random House authors including Michael Crichton, Norman Mailer and John Updike into the same fold with big Bertelsmann names such as John Grisham, Maya Angelou and Dean Koontz.
The combined publishing business, home to several well-known publishing imprints, ...